Mastercard (MA) Operating Expenses (2009 - 2026)

Mastercard has reported Operating Expenses for 18 years, with the latest figure at $3.5 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 12.58% year-over-year to $3.5 billion; the trailing twelve-month figure through Mar 2026 stood at $14.3 billion (up 10.37% YoY), and the FY2025 full-year result was $13.9 billion, up 10.4% from the prior year.
• Operating Expenses for Q1 2026 stood at $3.5 billion, down from $3.9 billion in the prior quarter.
• The five-year high for Operating Expenses was $3.9 billion in Q4 2025, with the low at $2.2 billion in Q1 2022.
• Historically, Operating Expenses has averaged $3.0 billion across 5 years, with a median of $2.9 billion in 2024.
• Annual changes were most pronounced in 2023 — Operating Expenses advanced 1.7% — and 2024, when it increased 25.14%.
• Mastercard's Operating Expenses stood at $2.6 billion in 2022, then gained by 20.62% to $3.2 billion in 2023, then increased by 11.81% to $3.6 billion in 2024, then gained by 9.72% to $3.9 billion in 2025, then slipped by 10.4% to $3.5 billion in 2026.
• The last three Operating Expenses figures came in at $3.5 billion (Q1 2026), $3.9 billion (Q4 2025), and $3.5 billion (Q3 2025), per Business Quant data.